Power Co. of Canada (TSE:POW) Stock Rating Reaffirmed by CIBC


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Power Co. of Canada (TSE:POW)‘s stock had its “outperform” rating reissued by equities researchers at CIBC in a note issued to investors on Monday, Stock Target Advisor reports. They presently have a C$40.00 price target on the financial services provider’s stock. CIBC’s price objective would suggest a potential upside of 9.80% from the stock’s previous close.

Several other research analysts also recently commented on the company. Royal Bank of Canada raised their price objective on Power Co. of Canada from C$34.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 18th. BMO Capital Markets lifted their price target on Power Co. of Canada from C$34.00 to C$35.00 in a report on Sunday, March 21st. National Bank Financial reiterated a “sector perform overweight” rating and issued a C$38.00 price target on shares of Power Co. of Canada in a report on Friday, April 30th. National Bankshares set a C$38.00 price target on Power Co. of Canada and gave the company an “outperform” rating in a report on Friday, April 30th. Finally, TD Securities lifted their price target on Power Co. of Canada from C$36.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday, March 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$37.86.

TSE POW opened at C$36.43 on Monday. The firm has a market cap of C$24.65 billion and a price-to-earnings ratio of 11.83. The company has a quick ratio of 14.97, a current ratio of 17.90 and a debt-to-equity ratio of 55.62. The business has a 50-day moving average price of C$34.00 and a 200-day moving average price of C$30.66. Power Co. of Canada has a twelve month low of C$18.79 and a twelve month high of C$36.70.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Wednesday, March 17th. The financial services provider reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.87 by C$0.06. The firm had revenue of C$17.95 billion for the quarter. Research analysts expect that Power Co. of Canada will post 3.7500003 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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